Bob Iger under pressure at Disney
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 20 November 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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Show Notes
Goldman Sachs 2024 stock strategy - sales growth
U.S. leading indicator falls slightly more than expected in October
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon today is Monday November 20th and I'm your host Kim Khan. Our top story so far. |
| 0:15.5 | Pressure is mounting on Disney CEO Bob Eager who took the helm exactly a year ago. |
| 0:20.1 | The stock price has drifted, missing the broader rally, and Box Office has been lackluster. |
| 0:25.0 | Iger will hold a company-wide town hall on November 28th, where he will discuss future opportunities. |
| 0:30.0 | Dizzy is off more than 3% since Iger retook the helm on November 20th, 2022 and began an overhaul that included job cuts and making streaming profitability a priority. |
| 0:41.0 | Disney's content sales, licensing, and other unit hasn't seen positive earnings since Q2 2022 when Bob Chapeck was still in charge. |
| 0:50.0 | The unit includes the theatrical business, home entertainment, and selling content to third-party services. |
| 0:56.0 | The last town hall was after Eiger's return in 2022, in which he said profitability at streaming would be the goal rather than flooding it with new content. |
| 1:05.3 | Addressing the recent film slate on the latest earnings call, |
| 1:08.3 | Iyer said, I'm mindful that our performance from a quality perspective wasn't up to the standards we set for ourselves. |
| 1:14.4 | We're working to consolidate, make less, focus more on quality. |
| 1:19.2 | Seeking Alpha's Quant team has a strong buy on Disney despite high valuation, but analysts are more cautious with a collective hold rating. |
| 1:27.0 | Check out why Quant is much more confident a rally can occur. |
| 1:30.0 | Sign up at seekingalfa.com slash subscriptions. |
| 1:33.0 | In today's trading, stocks are higher after a sluggish pre-market |
| 1:37.0 | with the NASDAQ leading the S&P 500 and the Dow. |
| 1:40.0 | Trading could be volatile with lower volume in the holiday shortened week. |
| 1:44.0 | Rates are a little higher, the 10-year yield is above 4.45%. |
| 1:48.0 | The conference board said its measure of leading economic indicators fell 0.8% in October, that is a little more of a drop than economists were predicting. |
| 1:57.0 | The conference board says it expects elevated inflation, higher interest rates, and contracting consumer spending due to depleting pandemic savings |
| 2:04.9 | and mandatory student loan repayments to tip the U.S. economy into a very short recession. |
... |
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